Journal Business Asia has analyzed the ambivalent attitude of government to foreign labor.
Malaysia has not been spending much on research and development, especially private sector, but this would change if there was minimum wage legislation, and more on research and development would give Malaysia a better future.
Driven by market forces, many businesses in urban areas are hiring workers offering salaries higher than minimum wage.
Would raising minimum wage hasten automation? Most countries around the world have some form of minimum wage, and policymakers have often argued that the minimum wage, by increasing the income of low-income workers, can be used as a tool to reduce poverty and inequality.
This is normal for the economy cycle that we require about 5 years to rebuild.
Which in turn reduces unemployment.